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tv   [untitled]    January 30, 2013 1:30pm-2:00pm EST

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the distances are. and the roads are. unpredictable. the entire. world. science technology innovation all the list of elements from around russia we've got the future covered. the whole bit. of both of. her mum lives.
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the speed. of her. wish. good. luck. just see them on the. bottom and a little. my . while come to business. thank you for joining me russia's economy is set to become the largest in the world by twenty thirty at least fast according to the ministry of economic development but this
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protection relies heavily on if the price of oil goes up and i spoke to ivan chicken all from capital on the details of the report and he talks to the figures and he says the price of oil is critical. the minister of economy is proposing are so critical dependent on the price of oil they're talking in their forecasts about oil prices continuing to gain in value to about two hundred seventy hundred seventy five dollars over the next fifteen years or fifteen or twenty years so if that forecast were to materialize i think once again i would be comfortable with growth rates in russia somewhere around four four and a half percent but certainly not the five and have six percent of the government to start in about in its most optimistic scenario best case scenario tell me at this point in time what is the basic biggest risk to the russian economy
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a slump in china all the year is insolvent but i think this is the cutest externalities are you going to have a continue a continued slowdown in the chinese economy states at the end of the day be able to avert the fiscal cliff are we going to have are you going to see. disintegration of the european union i think these are the key risks and they are external by nature that we've got the russian economy needs to do read over the next over the short the short term or in the short term horizon however i think if we're trying to take kind of a longer term view russian economy for talking about the next five to ten years like shooting that it is the domestic environment is much more domestic factors that will be the key determinant of the russian future what's going to happen with russian demographics what's going to happen with corruption what's going to happen with the easier it is to do to do business in the economy with russia become a friendlier and more welcoming place for foreign investment so again in the short
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term horizon i think they still know factors to continue to dominate but on a five to ten year horizon in the domestic factors need and will become relatively more important. and staying with the russian economy than the heads of state energy companies rough math and gas prom are telling. the prime minister of russia to rewrite the program of the shelf development. and alexei miller i want to meet you medvedev to restrict private companies from tapping into the region even. and we have an exclusive interview from the head of russia's biggest private company lucas speaking to us from the world economic forum in davos on the restrictions. for right now we are limited from working on new york. has extensive experience in oil development and we're looking for an opportunity to apply. i think in. separate companies that whole russian developer economically into state owned and private.
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companies should be selected based on their financial ability and technical expertise. with state we're going to have a look at the stock markets and i can tell you things were going rather well read into data came out from the us really spalted zero so we ended up negative figures to be on the my sales ending the trading day with a skull and really we had energy firms doing rather well though they benefited from growing growing oil prices it's not worth a mention meanwhile the russian ruble that it finished up the wednesday session you can see is make says that she gets the u.s. dollar but lower against the common currency. we'll move on to european markets they ended the day down it was a similar story to russia thanks to what was happening in the u.s. with fourth quarter g.d.p. figures slipping is contraction just as a u.s. figure came out last week as well so with that in mind let's get to wall street and see what's going on there i can tell you the thoughts have been fluctuating quite
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a lot and we are actually looking at positive figures but you know what it's flat rate is so is the lack of performance right now on the screen old law are these numbers like i say they have been moving balancing around d.d.p. result came out it was a bit of a bombshell for investors who hadn't been expecting such a shock move to the downside which really indicates just how nervous business is worth throughout the fiscal cliff negotiations that went down to the wire consumer confidence also fell and we're going to stay with the us them. and i'm sure you've all heard of the lehman brothers right well if not then it was pretty much the first domino to fall in the financial crash of two thousand and eight and if you're a u.s. taxpayer you may want to leave the room now because according to a government watchdog the u.s. taxpayers stand to lose twenty seven billion dollars from the two thousand and eight financial bailout certainly sounds like
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a lot but let's break it down so there are around three hundred million people living in the u.s. that's today so let's just presume they are all tax a boiling citizens including babies we're not ages here i'll take that mean if each person is having to fork out one hundred dollars each that puts in perspective and so absolute to the wound this figure how shots up because of the increase losses for the treasury department on souls of shares in the bailed out companies now earlier i spoke to nick parsons from f.x. strategy and he said that the tax burdens for americans will be on going. the american taxpayer is going to face higher payments for quite some years to come but remember that the bush tax cuts were only temporary and they've now been reversed for all american households who earn more than fifty thousand dollars per year now that means that each american in that income bracket is going to be paying more
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than a thousand dollars a year in additional taxes that kicks in from january in other words immediately so on average they're going to be paying around another eighty seven dollars per month in taxes that money to money that consumers won't have to be spending to drive the recovery now the u.s. government they want to grow to get the sixteen trillion dollar debt down now with tax is rising when wages and salaries are going down is this mission impossible. it's a very difficult square to circle isn't it i think going to take a very very long time at best it will rely on the ongoing willingness of foreign investors to lend to the united states at all time record low interest rates and if it any point in the future overseas investors become less willing to
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do so or they demand a higher price for that then the american economy could be plunged quickly into a very deep and very prolonged recession so it's possible that they claw their way out of this but actually it's a very very high risk strategy still from current levels ok so you tell me he's in the worst situation right now year for the u.s. . well there are both in difficult and different situations but i think to the extent that the us is a single country with a single government a single people a national identity and a common purpose you could argue that actually it's somewhat better positioned than those seventeen countries still fighting and squabbling amongst each other in europe and that's what see over the business now i'll be back in less than two hours time so i mean then coming up we tilted to experts about the feet so of the u.s. foreign policy. the
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i'm joined by hilary levert flynt leverett foreman and lists for both bill clinton and george w. bush administrations two of america's most informed middle east experts their new book is called going to tehran which offers a way out of the current diplomatic crisis it's called why the united states must come to terms with the islamic republic of iran thank you very much for coming washington seems to be very happy with the sanctions there quickly in the arena chrono me why should they change policies now why should they come to terms with
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iran sanctions are not going to work sanctions have not worked we've seen sanctions imposed on the islamic republic of iran for thirty two years we saw crippling sanctions in effect imposed on iran during their eight year war with iraq in one thousand nine hundred ninety eight we saw at that time half their g.d.p. was a racist half of it and still the islamic republic of iran did not surrender to hostile foreign powers the idea that now that sanctions are going to force the islamic republic of iran to surrender to what it sees as hostile foreign powers and their demands there is no place for that in the history of the history of the islamic republic of iran and frankly there is no basis for that anywhere the united states imposed crippling sanctions for example on saddam hussein's iraq for over a decade killing over a million people half of them children and even then saddam hussein's government did not implode and it did not conceal demands of hostile foreign powers it took a massive us land invasion to do that the ability to stand in the other side's
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shoes to show that you can do it is key to diplomacy i think you would agree with that but everything the u.s. has done so far showed you ran the opposite of that starting from the u.s. helping get rid of their democratically elected leader in the fifty's putting the shah in power much hated figure in iran what can the u.s. do to. now to show iran that they respect their national interests the first thing that has to happen is this basic acceptance except in some of these low mcgrew public as a legitimate and rational actor. this is the model that nixon and kissinger used to pursue the diplomatic opening with china in the early one nine hundred seventy s. it's not their achievement was not that they started talking to. the united states have been talking to beijing for years but it was this very narrow kind of
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dialogue very focused on grievance american grievances toward china and what china was going to need to do to to bring itself in line with american preferences nixon and kissinger flip that on its head they said we are going to convey to the chinese both in words and in actions that we we accept the people's republic of china and on that basis the rest of these issues can be taken care of that's what enabled this dramatic turn in american diplomacy toward china that's what we need to do toward the islamic republic of iran to accept it and then to back that up with concrete actions in terms of rolling back covert action programs in terms of stopping economic warfare against iran but what are the chances for
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diplomacy i mean iran is surrounded by u.s. military bases by nato patriot missiles they have to sanctions that are crippling the rate in economy it seems there's more ground for blackmail now than for diplomacy unfortunately i think that is the american hope that we can still force coerce outcomes that's what the united states has been doing really since the end of the cold war we have focused on coercing outcomes by as flynt said projecting enormous amounts of conventional military force into the middle east to coerce political outcomes and we would you know before one thousand nine hundred one we were somewhat restrained in doing that because of the cold war if we put in too many million too many troops we were afraid that some. you know the soviet union would so in a sense that constrained us and force the united states to really rely more on soft power more on having a narrative after the classes so i mean the end of the cold war we i think left the left that out we put you know under the table we focused entirely on trying to
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force political outcomes and what we've done in iraq and afghanistan has underscored the very important limits of that and i would add libya we were able to take out saddam and take out moammar gadhafi but what we're able to put in its stead what if everything fails what is your worst case scenario missile it comes to that which i think my worst case scenario is that the united states. starts another war in the middle east to disarm another middle eastern country weapons of mass destruction that it does not. and that the damage that the backlash to this does to the american position. makes. how much damage was done in position by variation of iraq makes that will quite trivial by comparison that's my worst case. i want to ask you about the new face of the pentagon chuck hagel he allowed himself to say. attacking iran is
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a stupid idea and i believe you also called for direct negotiations do you think we could see direct negotiations any time soon with chuck hagel in the ministration well if he i think that the former senator hagel has taken courageous positions on iran on a range of issues and i admire them and respect them and the concern i have is that he is being nominated for the wrong job to carry out those positions his defense secretary if he is or if he is if he's approved to be as defense secretary he will not be the person in charge of creating or implementing strategies of iran or any other foreign policy issue. he will be he will be at the defense department doing quintessentially defense secretary things in this environment which is to cut the budget and try to keep the united states out of another war now that peace try to keep the united states out of another war could have impact here but the problem is he what he could potentially try to keep united states out of another war without
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being able to either to offer a vision for another way to deal with this challenge the islamic republic poses a real challenge for the united states and a real challenge to israel in the region that challenges to significantly constrain both the united states and israel's preferred strategies for the region which is to project force whenever wherever and whatever degree we want unilaterally the islamic republic of iran challenges that not with tanks that they go and park their tanks in other people's countries they challenge that with their narrative they oppose that viscerally at its core chuck hagel said some very unflattering things about the israeli lobby that they're quote unquote intimidating a lot of people in washington and he also dared to say american interests should trump israeli interests if they conflict and that is a subversive thing to say here in washington could be a career killer. can you name some key points where u.s.
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and israeli interests conflict i think it is very much in america's interests it's not a favor to iran it is in america's interest to come to terms with the islamic republic to accept safeguarded enrichment of uranium as the basis for a deal on the nuclear issue israel's ability to impose its hegemony in southern lebanon is not an american interest it may be an israeli preference it's not an american interests i think american interests would be much better served by a rational. political settlement to the palestinian issue that palestinians and other middle easterners will see as legitimate there is no way that open ended israeli occupation of palestinian lands will ever be seen that way and i think that's you know very much against american interests and i think in a similar vein it's but i would take us to a similar vein to
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a plan laid out i know but i would take it all of it and more broadly it's very difficult for the way that israel is structured politically for it to accept and buy into and support what i think would be an american interest which is that all of the states in the middle east be able to have much more participatory political orders they can't support even more broadly beyond its borders because a country like egypt which i think the israelis see today is very much a threat in terms of how it's developing if it becomes any more reflective of its population's preferences histories interests religion is going to become by definition less interested in allowing israel or being ok with the policies that israel has developed to use force coercively whenever wherever it wants along its borders or with its within its own population palestinian population under its control when the problem is the united states that. that and so this is the contradiction he was back at the same time it calls for democracy in all those
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countries and so that's what rings hollow i think for many arab and muslim populations is that it's not a real call for the night by the united states for democratization what the united states is just trying to do is so chaos and civil war like we're doing in syria we're not really trying to get democratization in syria or political participation in syria it's selling chaos and destruction i think that's how many people see it and that's how it is unfolding what do you think israel is going to do next what is their strategy with regards to iran i think they have you know more or less come to the position that if you rod is going to be struck it's the united states that's going to need to do it and so i fully anticipate over the next next year or so that prime minister netanyahu he and his government will be putting a lot of pressure on the obama administration that iran is approaching whatever red line that you know who. draws. it's time for the united states to step up to the plate and deal with this problem in
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a decisive way and even if they don't succeed initially in persuading obama because they will leverage it to get more sanctions on iran to get other kinds of pressure on iran they will try and keep iran. do you think president obama appointed chuck hagel as a message to his throw that's difficult to say we will see but i'm skeptical that obama really is out to redefine to be america's relationship with israel and i would add to that in addition to the. point that we have the appointment of john brennan at the cia who i think is someone who the israelis are just fine with who will continue many of the covert programs of course our drone program but many of the covert programs that would be under his under his authority at the cia and that will be very much to israel's liking that will serve to undermine any attempts or any possibilities for a real coming to terms of the islamic republic of iran. there is an argument often made in washington that bashar al assad's fall would be
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a strategic victory against iran what can you say about an approach like that first of all at this point iran's most important arab ally is no longer syria it's iraq thanks in no small part to the united states iran's most important strategic ally in the arab world is iraq even in syria you know bashar al assad is still i don't know is imminent and even if you reach a point where he might feel like he needs to abandon damascus or something like this you're going to still have big chunks of syria that are effectively under good control of his government under his security apparatus syria might at that point start to look more and more like a kind of. you know failing state with different regional warlords in
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different parts of the country but that is not a situation which is good for american interests first of all or a situation in which iran you know continues to somehow doesn't have influence or or inability to act in ways to protect its interests in the situation the idea that somehow we can just have these short term marriages of convenience to arm train in fund really in that lane a sunni islamist jihadist groups in syria in syria against the islamic republic of iran that just this time it will work and that somehow secular democrats are going to come to power yeah that liberal secular pro-american democrats will come to power it didn't work in afghanistan and it's not going to work in syria thank you so much thanks so much for coming q thank you very much.
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police. more news today violence has once again fled upline. these are the images the world has been seeing from the streets of canada. china operations to rule the day place. live. play. live. play. play.
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thank you. thank you ed.

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